Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alyssa Company manufactures its product through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1,

image text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribed
Alyssa Company manufactures its product through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2026, inventories consisted of Raw Materials $26,000, Work in Process-Mixing $0, Work in Process-Packaging $254,500, and Finished Goods $294,900. The beginning inventory for Packaging consisted of 12,700 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 53,100 units were started into production in the Mixing Department and the following transactions were completed. Accounting Transactions No Transactions 1. Purchased $301,000 of raw materials on account. Issued raw materials for production: Mixing $212,600 and Packaging 2. $48,800. (Hint: Raw materials are allocated to production.) 3. Incurred labor costs of $282,600. 4. Used factory labor: Mixing $184,900 and Packaging $97,700. Journalize the October transactions for Alyssa Company. . List debit transactions first and then list credit transactions.General Journals Account Titles and No. Debit ($) Credit ($) Explanation 1. [ Select ] [ Select ] [ Select ] [ Select ] Purchase of raw materials on account 2 [ Select ] [ Select ] Work in Process [ Select ] inventory-Packaging [ Select ] [ Select ] To record materials used in production 3. [ Select ] [ Select ] Select] [ Select ] To record payroll liability[ Select ] To record payroll liability Work in Process 4. [ Select ] V Inventory-Mixing [ Select ] V [ Select ] V [ Select ] [ Select ] To assign factory labor to production To record transfer of units to

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

538453257, 978-0538453257

Students also viewed these Accounting questions